BLACKBAUD INC
For the period ended Jun 30, 2025. Filed Jul 30, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2025 · Filed Jul 30, 2025
BLKB$54.92+0.6%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Comprehensive (Unaudited)
| Blackbaud, Inc.Condensed Consolidated Statements of Comprehensive Income(Unaudited) | ||||
|---|---|---|---|---|
| (dollars in thousands, except per share amounts) · Three months endedJune 30, · Six months endedJune 30, | ||||
| 2025 · 2024 · 2025 · 2024 | ||||
| Revenue | $281,382 | $287,286 | $552,043 | $566,536 |
| Cost of revenue | 113,633 | 124,700 | 228,448 | 250,906 |
| Gross profit | 167,749 | 162,586 | 323,595 | 315,630 |
| Operating expenses | ||||
| Sales, marketing and customer success | 44,046 | 47,081 | 88,690 | 97,946 |
| Research and development | 33,595 | 39,068 | 67,154 | 81,870 |
| General and administrative | 32,856 | 33,443 | 89,535 | 81,197 |
| Amortization of intangible assets | 566 | 902 | 1,100 | 1,806 |
| Total operating expenses | 111,063 | 120,494 | 246,479 | 262,819 |
| Income from operations | 56,686 | 42,092 | 77,116 | 52,811 |
| Interest expense | (18,411) | (15,715) | (35,356) | (25,991) |
| Other income, net | 1,118 | 3,310 | 3,223 | 6,657 |
| Income before provision for income taxes | 39,393 | 29,687 | 44,983 | 33,477 |
| Income tax provision | 13,413 | 7,883 | 14,136 | 6,427 |
| Net income | $25,980 | $21,804 | $30,847 | $27,050 |
| Earnings per share | ||||
| Basic | $0.54 | $0.43 | $0.64 | $0.53 |
| Diluted | $0.54 | $0.42 | $0.63 | $0.52 |
| Common shares and equivalents outstanding | ||||
| Basic weighted average shares | 47,784,062 | 50,747,337 | 48,104,780 | 51,399,853 |
| Diluted weighted average shares | 48,248,057 | 51,677,418 | 48,786,793 | 52,371,927 |
| Other comprehensive income (loss) | ||||
| Foreign currency translation adjustment | $7,324 | $339 | $10,583 | $(846) |
| Unrealized (loss) gain on derivative instruments, net of tax | (5,314) | (1,386) | (12,006) | 2,709 |
| Total other comprehensive income (loss) | 2,010 | (1,047) | (1,423) | 1,863 |
| Comprehensive income | $27,990 | $20,757 | $29,424 | $28,913 |
| The accompanying notes are an integral part of these condensed consolidated financial statements. | ||||
| 4 | Second Quarter 2025 Form 10-Q |
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